Metropolitan Life Insurance Co NY lowered its position in Donaldson Company, Inc. (NYSE:DCI) by 1.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,910 shares of the industrial products company’s stock after selling 485 shares during the period. Metropolitan Life Insurance Co NY’s holdings in Donaldson were worth $2,183,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of DCI. Meeder Asset Management Inc. purchased a new position in shares of Donaldson in the second quarter worth approximately $66,000. Victory Capital Management Inc. raised its holdings in Donaldson by 1.7% in the 2nd quarter. Victory Capital Management Inc. now owns 65,124 shares of the industrial products company’s stock worth $3,312,000 after purchasing an additional 1,063 shares during the period. TD Asset Management Inc. raised its holdings in Donaldson by 5.8% in the 2nd quarter. TD Asset Management Inc. now owns 58,581 shares of the industrial products company’s stock worth $2,979,000 after purchasing an additional 3,190 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in Donaldson by 42.4% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 63,378 shares of the industrial products company’s stock worth $3,224,000 after purchasing an additional 18,860 shares during the period. Finally, Ballentine Partners LLC lifted its position in Donaldson by 15.9% during the second quarter. Ballentine Partners LLC now owns 5,532 shares of the industrial products company’s stock valued at $282,000 after purchasing an additional 757 shares in the last quarter. Institutional investors own 80.31% of the company’s stock.
DCI has been the subject of several recent research reports. ValuEngine raised Donaldson from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus set a $50.00 price objective on Donaldson and gave the stock a “hold” rating in a research note on Friday, September 6th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $52.25.
Donaldson (NYSE:DCI) last posted its quarterly earnings results on Tuesday, December 3rd. The industrial products company reported $0.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.02). The firm had revenue of $672.70 million during the quarter, compared to the consensus estimate of $699.34 million. Donaldson had a return on equity of 32.29% and a net margin of 9.39%. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.56 earnings per share. Sell-side analysts forecast that Donaldson Company, Inc. will post 2.28 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Tuesday, December 10th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Monday, December 9th. Donaldson’s dividend payout ratio (DPR) is 38.01%.
Donaldson Company Profile
Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments. The Engine Products segment offers replacement filters for air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.
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